Live Recap: Yahoo’s 4Q Earnings

By

Matthew Lynley

Jan 28, 2013 4:46 pm ET

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Yahoo just reported its fourth-quarter earnings, which beat on revenue ex-traffic acquisition costs (TAC) and on earnings.

Yahoo CEO Marissa Mayer is in the middle of a turnaround effort at the media giant, most recently bringing PayPal alumnus Max Levchin onto the board. Delivering a slight beat is a good start to that: Shares are up 4.1% after-hours, and the stock has risen about 26% in the past six months.

Now for the less-than-positive news: In the latest quarter, revenue from Yahoo’s core display-ad business fell 3.5% while total search ad revenue improved 3.8%. The number of ads sold on core Yahoo properties fell about 10% year-over-year in the fourth quarter and was up 3% sequentially, the company said.

Yahoo reported 32 cents in EPS and $1.22 billion in revenue ex-TAC, a 4% increase year-over-year in the fourth quarter.

We’ll find out more about her plans on the earnings call, which starts at 5 p.m. ET.

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